American Outdoor Brands, Inc. (NASDAQ:AOUT) Short Interest Update

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 54,500 shares, a decline of 8.4% from the August 15th total of 59,500 shares. Based on an average trading volume of 26,200 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.4% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Roth Mkm boosted their target price on shares of American Outdoor Brands from $10.50 to $11.00 and gave the company a “buy” rating in a report on Monday.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AOUT. Victory Capital Management Inc. bought a new position in shares of American Outdoor Brands in the fourth quarter worth $74,000. Brandes Investment Partners LP grew its position in American Outdoor Brands by 26.0% in the fourth quarter. Brandes Investment Partners LP now owns 270,622 shares of the company’s stock worth $2,273,000 after acquiring an additional 55,821 shares in the last quarter. Confluence Investment Management LLC purchased a new position in American Outdoor Brands in the first quarter worth $2,314,000. Diversified Investment Strategies LLC grew its position in American Outdoor Brands by 103.4% in the first quarter. Diversified Investment Strategies LLC now owns 60,000 shares of the company’s stock worth $528,000 after acquiring an additional 30,500 shares in the last quarter. Finally, Empowered Funds LLC grew its position in American Outdoor Brands by 7.6% in the first quarter. Empowered Funds LLC now owns 19,936 shares of the company’s stock worth $175,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Price Performance

Shares of AOUT stock opened at $8.44 on Thursday. The company’s fifty day simple moving average is $8.95 and its two-hundred day simple moving average is $8.56. American Outdoor Brands has a 1 year low of $7.19 and a 1 year high of $10.00. The stock has a market capitalization of $108.83 million, a price-to-earnings ratio of -8.88 and a beta of 0.37.

American Outdoor Brands (NASDAQ:AOUT) last issued its earnings results on Thursday, June 27th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09). The business had revenue of $46.30 million for the quarter, compared to the consensus estimate of $43.20 million. American Outdoor Brands had a negative net margin of 5.27% and a positive return on equity of 0.81%. During the same period in the previous year, the firm earned ($0.03) EPS. Equities research analysts anticipate that American Outdoor Brands will post 0.24 EPS for the current year.

About American Outdoor Brands

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.